Home / Knowledge / News / Apparel/Garments / Bangladesh identifies 110 products for Nepal PTA

Bangladesh identifies 110 products for Nepal PTA

15
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Bangladesh Tariff Commission recently identified 110 products to seek preferential market access for their export to Nepal under the planned preferential trade agreement (PTA) between the two nations. The request list, which includes products from the readymade garment, plastic, footwear and steel sectors, has been prepared considering their export potential.

The commission will soon finalise the list after discussing with exporters and stakeholders, according to newspaper report in Bangladesh.

BTC on December 26 last year held a meeting with stakeholders, including exporters, about the list and sought opinions from trade bodies. It decided to prepare the list following a request from the commerce ministry as part of the negotiation on signing the PTA with Nepal.

Both countries had expressed interest to sign a PTA during the fourth meeting of the Nepal-Bangladesh commerce joint secretary-level technical committee held in Kathmandu on 22-23 October last year. The meeting decided that Bangladesh would exchange its request list containing the name of products against which it seeks duty benefits with the country.

In 2016, Bangladesh prepared a request list containing 56 products and an offer list of 108 Nepalese products for preferential market access to the Bangladesh market. But the move was unsuccessful.

Nepal now maintains a sensitive list of 998 products for least developed countries (LDCs) and 1,036 products for non-LDCs that are not entitled to preferential trade benefits under the South Asia Free Trade Agreement.

The commission also assessed the products’ prospects for future export based on the analysis prepared by the Bangladesh embassy in Nepal.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Jan 2021

Belarus unveils five-year light industry plan

Bellegprom, the light industry concern of the Belarusian ministry of...

Pic: USDA/FAS

Textiles | On 23rd Jan 2021

US cotton exports rise on China demand: USDA report

Despite US cotton production falling 5 million bales from the...

Pic: Shutterstock

Apparel/Garments | On 23rd Jan 2021

Explore new markets for RMG industry: Bangladesh minister

Bangladesh commerce minister Tipu Munshi recently highlighted the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Tolga Ozkurt,

Tolga Ozkurt

Çalik Denim is among the world's top 10 premium denim manufacturers...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search